The Orange County housing market has cooled since Spring, with Expected Market Time (# of days to get into escrow) increasing from 37 to 59 days. Luxury properties, homes priced above $2M, have also experienced a slowdown, with Expected Market Time rising from 101 to 168 days. Despite the extended selling periods, prices in the luxury market have remained stable. Most high-end sellers do not have to sell and do not adjust their asking price as often compared to sellers in lower price ranges.
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